...is this positive news for the lithium sector? More like positive news for the US lithium sector, not global lithium sector.
...Biden is giving away money quickly before Trump stops it (if he wins)
...But this only means US lithium gets a boost which will increase production and supply. With the money they get, it means they have to progress with their projects, regardless of where lithium price stands. More supply = Lithium price stays lower for longer.
...Not good news for Aussie lithium producers - America will get ample supply domestically without the need to pay shipping costs to import all the way from Australia!
The Biden administration said Friday it is awarding more than $3B to 25 battery manufacturing projects in 14 states in an effort to boost domestic production of critical materials used for electric vehicles and shift the supply chain away from China…
